Investment bank Citi ( C ) initiated coverage of the strategy ( MSTR ) with a buy/high risk rating and a price target of $485, positioning the stock as a leveraged bet on bitcoin BTC$113,327.29. MSTR shares were 1.5% higher in early trading Tuesday, around $301. The price target reflects Citi’s 12-month bitcoin forecast of […]
Strategy (MSTR) Gets Buy Rating from Citi on Bullish Bitcoin (BTC) Outlook Read More »
Bitcoin BTC$111,370.63 Holders facing steep tax bills have a new option to ease the burden – by converting what they owe into income-producing mining hardware. Crypto lending firm Arch is rolling out TaxShield, which uses a specific provision of the US tax code – bonus write-off under IRS §168(k) – that allows investors to write
Arch Eyes helps holders cut US taxes with mining investments Read More »
CoreWeave ( CRWV ) CEO Michael Intrator told CNBC the company won’t raise its full $9 billion offer for bitcoin miner Core Scientific ( CORZ ), calling the purchase a “nice to have, not a need to have.” He said the offer fairly reflects the relative value of both companies and that CoreWeave will proceed
Bitcoin Miner Core Scientific (CORZ) Just ‘Nice to Have’: CRWV’s Michael Intrator Read More »
Neon Labs Appoints Ivan Bjelajac as CEO to Lead Next Phase of Ethereum-Solana Scaling
Neon Labs Appoints Ivan Bjelajac as CEO to Lead Next Phase of Ethereum-Solana Scaling Read More »
The crypto market succumbed to selling pressure on Tuesday with bitcoin BTC$108,680.12 and ether ETH$3,883.68 falling back from relative safety into a zone that could see the two largest cryptocurrencies by market capitalization challenge multi-month lows. BTC is trading at $107,800, while ETH is at $3,867 after bouncing over the weekend before giving back gains
BTC, ETH prices fall as selling pressure returns Read More »
BNB, the native symbol for the BNB chain that is also used for discounts on Binance fees, fell 3.3% in the past 24 hours, falling from $1,117 to as low as $1,063 before stabilizing just below $1,080. The selloff erased recent gains and cut through key technical levels, according to CoinDesk Research’s technical analysis data
Why is BNB down today? Shakeout cuts through support, volume rises on heavy selling Read More »
By Francisco Rodrigues (all times ET unless otherwise noted) Bitcoin BTC$108,553.34 fell to around $107,000 after spending several days recovering from last week’s selloff that wiped out billions in leveraged positions. The downturn is now being interpreted by analysts as a market reset rather than a crash. On-chain data from Glassnode suggests that the recent
BTC Price Drops As Market “Flushes Excess Leverage:” Crypto Daybook Americas Read More »
Bitcoin continues to struggle through one of its historically strongest months, often referred to as “Uptober,” currently down more than 5% and trading below $108,000 as it nears several critical support and resistance levels. The 200-day Simple Moving Average (200SMA), a key indicator that often separates bull and bear markets, is now at $107,846 and
BTC struggles for key technical levels as momentum up fades Read More »
Coinbase (COIN) has acquired Echo, a startup focused on onchain capital formation, for approximately $375 million. Founded by a longtime crypto figure known by his Cobie pseudonym, Echo has helped projects raise over $200 million across roughly 300 deals since launch. The platform allows startups to raise funds directly from their communities, either privately or
Coinbase Acquires Startup Fundraising Firm Echo for $375M Read More »
A coalition of US crypto, fintech and retail groups is uniting to defend open banking, warning in a letter that big banks’ attempts to charge for data access could suffocate the links between the financial system and digital wallets and stablecoins. Groups including the Blockchain Association, the Crypto Council for Innovation, the National Association of
US Crypto Coalition Warns Bank Data Fees May Cut Off Stablecoins and Wallets Read More »
